12th October 2015
This article first appeared in the Fiji Times.
The Natadola Beach Land Estates’ drew close to FJ$5 million in purchases during its 7 day Priority Sales Period, proving its position as one of Fiji’s most enviable real estate developments.
This reflects the confidence the market has on the unique Natadola Residential offering with the backing of the FNPF fully owned subsidiary Natadola Bay Resort Limited to successfully complete the construction and fully develop Natadola Beach Land Estates as a perfect holiday and retirement destination.
The demand in sales is also very good for FNPF members as proceeds from this development re-coup funds lent for the development of the integrated Natadola project.
Opening on September 28, the Priority Sales Period was only open to pre-launch registrants and immediately drew a scramble for the premium lots within the 44-lot development.
The development has drawn particular interest as it’s first to offer completely prepaid 99 year leases included in the purchase price. This is a landmark deal with the iTaukei Land Trust Board the provides owners with leasehold land that is much the same as freehold land.
Those who have visited the site have been impressed by the picturesque location and the level of progress made to date. Tucked in a private, gated precinct, the estates pull in sweeping views of both the natural picturesque and Natadola Beach’s white sandy stretch and is situated directly behind the Inter Continental Fiji Resort and Spa.
Alongside the five-star resort and neighbouring Natadola Bay Golf Course, the residential allotments are the third development by FNPF in the vicinity, which has long been hailed for its whimsical mix of elegant beaches, native villages and quaint farming communities.
The public sales are also expected to garner more reception when global media, golf enthusiasts and a stream of international visitors pack into the neighbouring Natadola Bay Golf Course for the Fiji Open from October 15-18.
“The sales period opened to the public on October 5 and there has been strong interest from Fiji and abroad,” noted Susan Pritchard, senior sales consultant for developers, the Fiji National Provident Fund.
“We are also expecting strong sales activity over the Christmas holidays as non-resident buyers come to Fiji for their break,” Ms Pritchard added.
“The premium blocks with the best views have been selling fast, but there’s still some amazing blocks available for purchase.”
12-months after initial groundwork, civil engineering giants, Vuksich & Borich has steadily bought the residential precinct to full bloom, with buyers easily visualizing their dream homes.
For more information, contact senior sales consultant, Susan Pritchard on +679 999 1458 or susanp@fnpf.com.fj
